GOOD NEWS! … NO LOCUSTS TODAY [WHEW!]

 

“But … I can turn on the MT4 and trade … maybe … if it works!”

No locusts today … so, I got that goin’ for me today! Other than that, today’s 

market action I can only describe as “bizarre”.

Today a “Special Rule” day, since yesterday saw a close-to-close decline of 

200+ points in the DAX30 … we opened 50 higher [oh joy], and it took over 3 

hours of mind numbing “chop” to get the index lower on the day. From there, 

practically every single buy signal today, “skewed”, as the low from the breaks 

immediately scream higher up to the aqua dot PSAR, making any long 

positions extremely risky, since the “buy fuel” gets eaten up before we are even 

long! 

The 2 major intraday lows today saw the first one go up 25+ points within 

seconds, and the second one, even worse, where the index goes up almost 40 

points within a minute … and from there, it’s straight up another 50+ points 

into the European close. “Well, I got news for the market, which is I’m not buying 

a 20+, or a 40+ point rally, I don’t care what you want to do … I’m not chasing 

anything, least of all a rally. If you wanna go bananas, then go bananas, but you 

do it without me … I’m only buying [or selling sometimes] algorithm signals that 

make sense … nothing else”!

Now, there were some other algo buy signals, which I passed on, simply because 

they were too close to the low of the day [within 20 points or so], AND the 

range for the day was small at about 110 points … and sure enough, when they 

took the sell stops out below 12250, it got ugly quickly down to 12177.

The fact is, today’s set up was all wrong from the “get go” … being down so big 

yesterday, it needed to open steady to lower, and then attempt to go lower … it 

didn’t, which is why the day’s action was choppy at best and downright bizarre 

in tone and scope. “Yes, we got a somewhat decent range, but it came twice out of 

the blue in minutes, cleaned out sell stops, and then both times rallied viciously, to 

not let anybody on the train for a ride up, without paying up and taking higher 

offers”.

Only one trade today … PAMM up slightly, nothing significant.

The one trade I did take, while not an algorithm trade per se, definitely did 

have momentum behind it … after being up a few points, it stalled and failed 

and I liquidated the long position. Other than that, all I saw all day long, were 

buy signals away from the respective bottom, and I’m not taking those, cuz if 

they’re wrong, my risk is far greater than I want.

From the looks of the way the New York afternoon is setting up, it looks like 

whoever got their “big girl” panties bunched up and took the market 100 lower 

in minutes, got it shoved in their face right back … day looks to close with some 

kind of “spindle doji” on the daily candlestick, a few points from yesterday’s 

close, to maybe up to around the 12300 level.

All told, given the fact the day set up all wrong, I’m not disappointed in the 

range or the action, just the way it traded off the algo signal turns, and left us 

sitting there either passing on the trade, or paying up to get the position 

… neither is helpful, but I’ll accept the first. Cuz here’s the deal; “the algorithm 

is so good, we don’t need to chase the market … signals are plentiful every day, so 

why pay up and take on a higher risk profile for nothing? … no reason to lose 

money for the sake of a trade … and my message to the market is simply “do 

whatever you want”, cuz our days of losing money are O.V.E.R.; the only way you 

can defeat us is to go straight down all day, every day, and since you’ve never done 

that, I’ll take the sensible algo calls and let the chips fall where they may 

… whether it’s 38 cents I make or $3800, it doesn’t matter, cuz I’m gonna get both 

from you! So, do whatever you want, it has no bearing on me”!

So, we move on to tomorrow, and we’ll see what happens. The “Force Volatility 

Algorithm” is performing beautifully in the DAX30, in a predominantly down 

market atmosphere … wait ‘till you see it on the upside! And with that, I’m 

outta here … until tomorrow mi amigos … “the future’s so bright I gotta wear 

sunglasses!” … Onward & Upward!!

PAMM spreadsheet directly below.

 

Have a great day everybody!

-vegas

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